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Sep 30, 2022
Silgan Q3 2022 Earnings Report
Reported record earnings and revenue across all business segments, driven by strong operating performance and effective cost management.
Key Takeaways
Silgan Holdings Inc. reported record third-quarter net sales of $1.97 billion, a 19.3% increase over the prior year, and record net income of $138.7 million, or $1.25 per diluted share, compared to $106.3 million, or $0.96 per diluted share in the third quarter of 2021. Adjusted EPS was $1.27, a 25% increase over the prior year. The company is tightening its full-year 2022 adjusted EPS estimate to $3.90 to $4.00 and maintains its free cash flow estimate of approximately $350 million.
Record earnings per diluted share (EPS) of $1.25.
Record adjusted EPS of $1.27 per diluted share, a 25 percent increase over the prior year quarter.
Achieved record revenue and segment income in each business segment.
Record unit volumes in Dispensing and Specialty Closures.
Revenue by Segment
Forward Guidance
The Company tightened its estimate of adjusted net income per diluted share for the full year of 2022 to a range of $3.90 to $4.00 and confirmed its estimated full year free cash flow for 2022 of approximately $350 million.
Positive Outlook
- Expect organic volume growth.
- Continued benefits from strong operating performance in each of our business segments.
- Expect a significant increase in free cash flow generation.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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